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UK Regulator FCA to Ban Crypto Purchases Using Borrowed Funds
UK Regulator FCA to Ban Crypto Purchases Using Borrowed Funds
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The UK Financial Conduct Authority is tightening crypto investment rules, prohibiting retail traders from using loans to buy digital assets. Executive Director David Geale framed the move as consumer protection rather than hostility toward the industry.
New regulations will address what the FCA views as excessive risk in cryptocurrency markets. Geale emphasized the need for safeguards while acknowledging crypto’s investment potential. The measures aim to prevent British consumers from accumulating unsustainable debt through Leveraged crypto positions.
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